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Alexander's
(NYSE:ALX)
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Rating:51Neutral
Price Target:
$240.00
â–¼(-11.34% Downside)
Action:Reiterated
Date:08/04/26
ALX scores in the low-50s primarily due to weaker recent fundamentals—sharp TTM revenue and free-cash-flow deterioration alongside structurally high leverage—offset only partially by historically strong margins. Technical signals are also soft (negative MACD, RSI 42, and price below short-term averages). Valuation is mixed, with a high dividend yield but an elevated P/E, while the recent corporate event is modestly positive but not a major catalyst.
Positive Factors
Historically strong profitability
Historically high operating and EBITDA margins indicate that Alexander’s properties have generated meaningful earnings from its leasing operations. This profitability provides a durable base for absorbing property costs, supporting distributions, and maintaining investment capacity even as recent growth has weakened.
Negative Factors
Sharp recent revenue decline
A roughly 24% TTM revenue decline indicates meaningful recent pressure on the scale of Alexander’s leasing business. Sustained top-line contraction could reduce property-level cash generation, limit reinvestment capacity, and make it harder for historically strong margins to translate into durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Historically strong profitability
Historically high operating and EBITDA margins indicate that Alexander’s properties have generated meaningful earnings from its leasing operations. This profitability provides a durable base for absorbing property costs, supporting distributions, and maintaining investment capacity even as recent growth has weakened.
Read all positive factors
Alexander's (ALX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.23B
Dividend Yield7.55%
Average Volume (3M)43.15K
Price to Earnings (P/E)7.2
Beta (1Y)0.58
Revenue Growth-1.51%
EPS Growth353.89%
CountryUS
Employees103
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)33.05
Shares Outstanding5,107,290
10 Day Avg. Volume45,826
30 Day Avg. Volume43,146
Financial Highlights & Ratios
PEG Ratio-1.13
Price to Book (P/B)10.25
Price to Sales (P/S)5.25
P/FCF Ratio15.24
Enterprise Value/Market Cap1.54
Enterprise Value/Revenue8.81
Enterprise Value/Gross Profit13.74
Enterprise Value/Ebitda7.42
Forecast
1Y Price Target
$192.00Price Target Upside-29.07% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)$244.70M
Alexander's Business Overview & Revenue Model
Company Description
Alexander’s, Inc. is a real estate investment trust (REIT) engaged in leasing, managing, developing and redeveloping properties. Alexander’s activities are conducted through its manager, Vornado Realty Trust. Alexander’s has five properties in the...
How the Company Makes Money
Alexander's makes money primarily through real estate leasing revenue from its portfolio of commercial properties. Its core revenue stream is rental income earned under leases with tenants occupying its office and retail space; this typically incl...
Alexander's Earnings Call Summary
Earnings Call Date:Feb 10, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Nov 02, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong leasing activity, significant stock price increase, and successful redevelopment projects, particularly in the Penn District. However, the call also acknowledged a decline in comparable FFO, a slightly negative outlook for 2025, and the impact of high short-term interest rates on financial performance. Overall, the highlights suggest confidence in long-term growth, while the lowlights indicate short-term financial challenges.Positive Updates
Strong Leasing Activity in New York
Leased 3.34 million square feet overall, including 2.65 million square feet of New York office space with starting rents at $104, showing 2.5% cash and 10.9% GAAP mark-to-market.
Negative Updates
Decline in Comparable FFO
Comparable FFO was $2.26 per share for the year, down from 2023, due to lower NOI from known move-outs and higher net interest expense.
Read all updates
Q4-2024 Updates
Positive
Negative
Strong Leasing Activity in New York
Leased 3.34 million square feet overall, including 2.65 million square feet of New York office space with starting rents at $104, showing 2.5% cash and 10.9% GAAP mark-to-market.
Read all positive updates
Company Guidance
During the Vornado Realty Trust Fourth Quarter 2024 Earnings Conference Call, management highlighted several key metrics reflecting the company's positive trajectory. The company achieved a 49% increase in stock price for 2024, following a 35% rise in 2023. Leasing activity was robust, with 3.34 million square feet leased, including 2.65 million square feet of New York office space at an average starting rent of $104 per square foot. The office occupancy rate increased to 88.8%, and is expected to rise to 92.1% with the upcoming NYU master lease at 770 Broadway. Vornado also achieved 100% LEED certification across its portfolio. The company anticipates significant earnings growth by 2027, driven by positive market dynamics and leasing activity, despite predicting slightly lower results for 2025 compared to 2024.Alexander's Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
44
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 214.80M | 213.18M | 226.37M | 224.96M | 205.81M | 206.15M |
| Gross Profit | 137.69M | 34.24M | 226.37M | 123.75M | 205.81M | 206.15M |
| EBITDA | 254.83M | 117.99M | 144.16M | 119.12M | 117.69M | 184.86M |
| Net Income | 169.82M | 28.22M | 43.44M | 102.41M | 57.63M | 132.93M |
Balance Sheet | ||||||
| Total Assets | 1.20B | 1.11B | 1.34B | 1.40B | 1.40B | 1.39B |
| Cash, Cash Equivalents and Short-Term Investments | 358.35M | 128.17M | 338.53M | 531.86M | 461.90M | 463.54M |
| Total Debt | 856.60M | 943.07M | 1.10B | 1.09B | 1.09B | 1.09B |
| Total Liabilities | 979.44M | 1.00B | 1.16B | 1.17B | 1.16B | 1.14B |
| Stockholders Equity | 223.62M | 109.16M | 176.86M | 237.66M | 236.50M | 252.59M |
Cash Flow | ||||||
| Free Cash Flow | 20.68M | 73.44M | 54.11M | 109.11M | 102.55M | 118.47M |
| Operating Cash Flow | 27.16M | 73.44M | 54.11M | 109.11M | 102.55M | 118.47M |
| Investing Cash Flow | 390.61M | -20.79M | -13.22M | 321.81M | -279.27M | 75.46M |
| Financing Cash Flow | -275.43M | -254.27M | -200.03M | -92.42M | -92.31M | -160.29M |
Alexander's Technical Analysis
Negative
270.69
Price Trends
253.59
Negative
259.07
Negative
245.39
Negative
Market Momentum
-4.66
Negative
40.16
Neutral
39.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALX, the sentiment is Negative. The current price of 270.69 is above the 20-day moving average (MA) of 241.58, above the 50-day MA of 253.59, and above the 200-day MA of 245.39, indicating a bearish trend. The MACD of -4.66 indicates Negative momentum. The RSI at 40.16 is Neutral, neither overbought nor oversold. The STOCH value of 39.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ALX.
Alexander's Risk Analysis
Alexander's disclosed 37 risk factors in its most recent earnings report. Alexander's reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alexander's Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $66.97B | 14.54 | 109.38% | 4.33% | 15.01% | -25.41% | |
67 Neutral | $9.31B | 21.11 | 13.28% | 4.30% | 8.04% | 25.59% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $2.58B | 52.78 | 2.41% | 4.40% | 4.69% | 102.76% | |
62 Neutral | $2.60B | 35.47 | 5.27% | 4.29% | 7.38% | -35.85% | |
54 Neutral | $6.85B | -35.74 | -6.63% | 2.93% | 9.48% | 45.78% | |
51 Neutral | $1.23B | 7.22 | 123.09% | 7.55% | -1.51% | 353.89% |
* Real Estate Sector Average
ALX
Alexander's
238.54
23.24
10.79%
MAC
Macerich
23.23
5.90
34.07%
SPG
Simon Property
205.55
34.75
20.35%
AKR
Acadia Realty
18.20
-0.90
-4.70%
FRT
Federal Realty
105.77
9.13
9.45%
UE
Urban Edge Properties
19.11
-0.48
-2.45%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.